Cerence Management
Management criteria checks 1/4
Cerence's CEO is Stefan Ortmanns, appointed in Dec 2021, has a tenure of 2.08 years. total yearly compensation is $14.44M, comprised of 4% salary and 96% bonuses, including company stock and options. directly owns 1.39% of the company’s shares, worth €10.25M. The average tenure of the management team and the board of directors is 1.7 years and 4.3 years respectively.
Key information
Stefan Ortmanns
Chief executive officer
US$14.4m
Total compensation
| CEO salary percentage | 4.0% |
| CEO tenure | 2.1yrs |
| CEO ownership | 1.4% |
| Management average tenure | 1.7yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | US$14m | US$580k | -US$56m |
| Jun 30 2023 | n/a | n/a | -US$275m |
| Mar 31 2023 | n/a | n/a | -US$358m |
| Dec 31 2022 | n/a | n/a | -US$332m |
| Sep 30 2022 | US$5m | US$524k | -US$311m |
| Jun 30 2022 | n/a | n/a | -US$73m |
| Mar 31 2022 | n/a | n/a | US$32m |
| Dec 31 2021 | n/a | n/a | US$44m |
| Sep 30 2021 | US$2m | US$360k | US$46m |
| Jun 30 2021 | n/a | n/a | US$46m |
| Mar 31 2021 | n/a | n/a | US$12m |
| Dec 31 2020 | n/a | n/a | US$14m |
| Sep 30 2020 | US$7m | US$313k | -US$18m |
| Jun 30 2020 | n/a | n/a | US$69m |
| Mar 31 2020 | n/a | n/a | US$99m |
| Dec 31 2019 | n/a | n/a | US$86m |
| Sep 30 2019 | US$4m | US$318k | US$100m |
| Jun 30 2019 | n/a | n/a | US$13m |
| Mar 31 2019 | n/a | n/a | US$18m |
| Dec 31 2018 | n/a | n/a | US$27m |
| Sep 30 2018 | US$2m | US$316k | US$6m |
Compensation vs Market: Stefan's total compensation ($USD14.44M) is above average for companies of similar size in the German market ($USD1.18M).
Compensation vs Earnings: Stefan's compensation has increased whilst the company is unprofitable.
CEO
Stefan Ortmanns (58 yo)
2.1yrs
Tenure
US$14,438,733
Compensation
Dr. Stefan Ortmanns serves as President, Chief Executive Officer and Director at Cerence Inc. since December 15, 2021 and also served as its Principal Financial Officer and Principal Accounting Officer unt...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.1yrs | US$14.44m | 1.39% € 10.3m | |
| Executive VP | 1.7yrs | US$6.39m | 0.18% € 1.3m | |
| Executive VP & CTO | less than a year | US$5.72m | 0.37% € 2.7m | |
| Senior VP | 1.8yrs | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data | |
| Head of Professional Services | 3yrs | no data | no data | |
| Chief Product Officer | 1.3yrs | no data | no data | |
| Chief Revenue Officer | less than a year | no data | no data | |
| VP & Treasurer | no data | no data | no data | |
| VP & GM of Applications | no data | no data | no data |
1.7yrs
Average Tenure
61yo
Average Age
Experienced Management: 0S6's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.1yrs | US$14.44m | 1.39% € 10.3m | |
| Executive VP | 4.3yrs | US$6.39m | 0.18% € 1.3m | |
| Independent Chairman of the Board | 4.3yrs | US$349.16k | 0.099% € 730.9k | |
| Independent Director | 4.3yrs | US$274.16k | 0.033% € 245.1k | |
| Independent Director | 4.3yrs | US$266.83k | 0.060% € 439.9k | |
| Independent Director | 1.7yrs | US$259.16k | 0.0097% € 71.5k | |
| Independent Director | 4.3yrs | US$266.48k | 0.048% € 350.6k | |
| Independent Director | 4.3yrs | US$259.16k | 0.060% € 439.9k | |
| Independent Non-Executive Director | less than a year | US$184.11k | 0% € 0 |
4.3yrs
Average Tenure
61yo
Average Age
Experienced Board: 0S6's board of directors are considered experienced (4.3 years average tenure).